Questions from International Accounting

Q: Identify three features of the Chinese accounting profession that are different from

Identify three features of the Chinese accounting profession that are different from its counterparts in Anglo-American countries.

Q: How have cultural factors influenced accounting practices in Japan?

How have cultural factors influenced accounting practices in Japan?

Q: What was the accounting Big Bang in Japan?

What was the accounting Big Bang in Japan?

Q: What is the Tokyo agreement?

What is the Tokyo agreement?

Q: Why is the principle of prudence clearly established in the German law

Why is the principle of prudence clearly established in the German law?

Q: What is an onerous contract? How are onerous contracts accounted for

What is an onerous contract? How are onerous contracts accounted for?

Q: How are foreign currency derivatives such as forward contracts and options reported

How are foreign currency derivatives such as forward contracts and options reported on the balance sheet?

Q: What are the differences in accounting for a forward contract used as

What are the differences in accounting for a forward contract used as a cash flow hedge of (a) a foreign-currency-denominated asset or liability and (b) a forecasted foreign currency transaction?

Q: How are changes in the fair value of an option accounted for

How are changes in the fair value of an option accounted for in a cash flow hedge? In a fair value hedge?

Q: In what way is the accounting for a foreign currency borrowing more

In what way is the accounting for a foreign currency borrowing more complicated than the accounting for a foreign currency account payable?